Hong Kong stocks on Wednesday jumped to the highest closing level in nearly seven months, after reports showed the manufacturing sectors in the U.S. and in China expanded last month.
Japan’s Nikkei 225 index gained 43.37 points, or 0.3%, to 15,369.97. The yen strengthened to ¥101.421 per U.S. dollar from ¥101.555 per U.S. dollar in the prior session
The Hang Seng Index in Hong Kong leaped 358.90 points, or 1.6%, to 23,549.62, rising the most in more than seven weeks, and logging its highest settlement since early December last year.
A survey of the Institute for Supply Management showed Tuesday that its U.S. manufacturing index registered 55.3% in June, indicating continuing expansion.
Also on Tuesday, two separate reports on China’s manufacturing suggested a rebound in June, with HSBC’s final reading on Chinese manufacturing PMI data showing its first improvement in six months.
In Hong Kong, index heavyweight Tencent Holdings climbed 3.9%, and state-owned Bank of Communications Co advanced 2.8%. European banking giant HSBC Holdings rose 1.8%.
In other markets;
The Shanghai CSI 300 added 6.31 points, or 0.3%, to 2,170.87
In Korea, the Kospi index picked up 16.28 points, or 0.8%, to 2,015.28
Singapore’s Straits Times Index progressed 21.27 points, or 0.7%, to 3,263.91
In Taiwan, the Taiex index jumped 43.04 points, or 0.5%, to 9,484.96
In New Zealand, the NZX 50 inched up 3.12 points, or 0.1%, to 5,149.39
Australia’s S&P/ASX 200 hiked 79.50 points, or 1.5%, to 5,455.40
